High Limit Credit Cards

High Limit Credit Cards

What are the most suitable UK high limit credit cards in 2020?

High limit credit cards are usually defined as those 0% credit cards, which offer new customers, a higher credit limit.

Many customers in the UK, would like an initial high credit limit, when they first apply for their new credit card.

UK card customers will very often look for credit cards with high limits, for one of the following two reasons:-

  • You have a large outstanding balance on your current credit card and would like to make a balance transfer to a new credit card. This will allow you to benefit from the 0% introductory offer on balance transfers.
  • You would like to make one, or perhaps several big purchases, using this new credit card. This will allow you to benefit from the 0% introductory offer on purchases.

In both of the above cases, the credit card customer will need to be given a higher credit card limit. A large credit card limit allows a customer to make a larger purchase, or bigger balance transfer using their card.

Highest Credit Card Limit UK

Many customers are looking for a new 0% credit card with the highest credit card limit in the UK. Customers are more likely to be successful in obtaining these high limit credit cards if they have:-

  • An excellent credit history
  • No recent bad debt problems
  • No recent missed or late payments
  • A low level of overall debt, excluding any mortgage
  • An annual income of around £20,000 or more

Many of the banks and credit card companies will look for a customer to meet all of the above criteria, before providing high credit limit credit cards to new customers.

There are more than 80 UK 0% credit cards currently available online. What are the most suitable cards for customers looking for high limit credit cards?

The credit card companies have generally tended to be more cautious with their lending, ever since the banking crisis began. This has meant that, for many customers, initial credit card limits have tended to be lower than in the years before the banking crisis began.

With the new Coronavirus crisis now, the credit card companies are once again now likely to be more cautious with their lending. Acceptance rates and credit limits are now likely to be lower.

However, we have often seen that some credit card companies can still be more generous with their credit limits, than certain other card companies.

All of the following featured credit cards, in our experience, are most likely to be suitable for customers looking for UK high limit credit cards:-


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0% Credit Card Offers

Balance Transfers:
0% for up to 28 months
Balance Transfer Fee:
3%
Purchases:
0% interest for 3 months
Representative APR:
19.9% APR (variable)
More Information

Credit Card Details

Sainsbury’s 28 Month Credit Card
  • 0% interest on balance transfers for up to 28 months
  • 3% balance transfer fee on transfers made at application
  • 0% interest on purchases for first 3 months
  • Collect 2 Nectar points per £1 spent on Sainsbury's shopping and fuel
  • Collect 1 Nectar point for every £5 spent on your card elsewhere
  • Online account management
  • Annual Fee: £0
More Information

Application Criteria

Sainsbury’s 28 Month Credit Card
  • You have a permanent UK address
  • You have not been declined for credit in the last month
  • You do not have a history of bad credit
  • You are aged 18 or over
More Information
Representative Example: 19.9% APR representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 18.95% p.a. (variable)

0% Credit Card Offers

Balance Transfers:
0% for 28 months
Balance Transfer Fee:
2.75%
Purchases:
0% for 3 months
Representative APR:
19.9% APR (variable)
More Information

Credit Card Details

NatWest Long Balance Transfer Credit Card
  • 0% on balance transfers for 28 months from account opening
  • 2.75% balance transfer fee
  • 0% interest for the first 3 months on purchases
  • Lock and unlock your credit card in app
  • Manage your card 24/7 online and by telephone banking
  • Annual Fee: £0
More Information

Application Criteria

NatWest Long Balance Transfer Credit Card
  • You are a NatWest customer
  • You are a UK resident
  • You are earning at least £10,000 per year
  • You are aged 18 or over
More Information
Only available to customers who have a current account, savings account, credit card or mortgage with NatWest
Representative Example: 19.9% APR representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 19.9% p.a. (variable)

0% Credit Card Offers

Balance Transfers:
0% for 26 months
Balance Transfer Fee:
0%
Purchases:
0% for 26 months
Representative APR:
21.7% APR (variable)
More Information

Credit Card Details

Santander All in One Credit Card
  • 0% on balance transfers for 26 month from date of account opening
  • 0% balance transfer fee
  • 0% on purchases for 26 month from date of account opening
  • 0.5% cashback on all of your purchases
  • No foreign transaction fee on purchases made abroad in local currency
  • Cashback through Retailer Offers
  • Monthly Fee: £3
More Information

Application Criteria

Santander All in One Credit Card
  • You live in the UK permanently
  • You have a good credit record
  • You have an income of £7,500 per year or more
  • You are 18 years of age or more
More Information
Monthly fee payable of £3
Representative Example: 21.7% APR representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 15.9% p.a. (variable) with a monthly fee payable of £3

0% Credit Card Offers

Balance Transfers:
0% for up to 20 months
Balance Transfer Fee:
2.95%
Purchases:
0% for up to 20 months
Representative APR:
19.9% APR (variable)
More Information

Credit Card Details

TSB Platinum Purchase Credit Card
  • 0% interest for up to the first 20 months on balances transferred within first 90 days
  • 2.95% balance transfer fee applies within first 90 days, 3% fee applies afer 90 days
  • 0% interest on purchases for up to the first 20 months
  • Internet fraud protection and Clicksafe
  • Online card servicing
  • Annual Fee: £0
More Information

Application Criteria

TSB Platinum Purchase Credit Card
  • You are an existing TSB customer
  • You are not currently declared bankrupt, have CCJs or subject to IVA
  • You have a good credit rating and regular income
  • You are a UK resident
  • You are aged 18 or over
More Information
Representative Example: 19.9% APR representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 19.95% p.a. (variable)

Credit Cards With High Limits

Customers are more likely to be accepted for any of the above high credit limit credit cards when they can successfully meet all of the application criteria that the credit card company is looking for.

Are you a customer looking to apply for any of the highest credit card limit cards? Then, it is important that you take extra care with the online application forms.

Any mistakes that you make on the application form, are more likely to lead to your application being declined. This failure may then in turn further reduce your prospects of successfully applying for other 0% credit cards with high limits.

More 0% credit cards in the UK are issued as MasterCard credit cards, than as Visa credit cards. High limit credit cards, for example a credit card with a £5000 limit or higher, are available as both Visa and MasterCard issued credit cards. The choice of payment network makes no difference to the credit limit.

The above UK featured credit cards are higher limit cards which do not charge a customer any annual fee.

What Is The Highest Credit Card Limit You Can Get?

We often see customers looking for answers about the highest credit card card limit you can get in the UK.

Credit cards with high limits are not as common in the UK credit card market,as they once were. However,, they do still happen.

We have seen people given a £10000 credit card limit when applying for a new credit card. A credit card with a £20000 limit is also possible for UK customers, with very high annual incomes. However a large credit card limit like this, is usually quite rare in today’s market.

The average credit card limit for one of the largest UK credit card company’s is currently, a rather lower figure of £4000.

Your actual credit limit is decided by the credit card company. The limit is based only on their lending criteria and the information provided by you on the application form. This is then combined with the information held, by the credit reference agency.


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